Lending Parameters

Loan Amount: $200,000 – $2,000,000

Rates: 12% interest only paid on a monthly basis.

Borrowers: Specializing in loans to foreign nationals.

Loan Term: 6 months to 3 years.

Property Types:  Apartment buildings, taxpayers, condominiums and cooperative apartments held for investment, retail strips, office buildings.

Type of Mortgage:  First Mortgages or Deed of Trust.

Loan-to-Value: Up to 60%

Personal Guarantees: Required

Prepayment Premium: None

Yield Maintenance:  None

Geographic area: New York,
New Jersey, Connecticut, Florida, Texas, North Carolina, Tennessee.

Application Fees: $300+.

Origination Fees: 3% (Includes all brokerage fees to all third parties).  1% paid at signing of the commitment letter and the remainder to be paid, generally, out of loan proceeds at closing.

Closing Timetable: We can close within 15 days after receiving an executed Term Sheet, the Fees, a completed underwriting package and title report.

For more information call us at 201-525-8091 or email us at info@shelbyfunding.com